Health Savings Account

HSAs are designed to help individuals covered under a high deductible or “catastrophic” health plan save money through tax-deductible contributions to cover current and future qualified medical expenses.

An ECFCU HSA also comes with these benefits:

  • Visa Debit Card(s)

    • CardValet (see below)

  • Free e-Statements

  • Free Home Banking and Bill Pay

  • Unlimited debit card transactions

  • Monthly Dividends

For current Deductible and Contribution Limits, contact Electric Cooperatives FCU via email at msr@ecfcu.org, by calling (501) 570-2396 or visit IRS.gov and read IRS Publication 502.

How to Apply: New & Existing Members

Contact the credit union to request a Health Savings Account Application and overdraft consent form.

*Membership eligibility required. There is a $2.00 monthly administration fee with Health Savings Accounts. You must have a high deductible health plan in order to be eligible for an HSA account.

CardValet® - Card Management at Your Fingertips

CardValet® gives you the freedom to manage and customize your card usage and settings from the convenience of a smartphone while guarding against fraud by using the latest version of the CardValet® app:

  • Turn your debit cards on and off

  • Establish transaction controls for dollar amount limits, merchant categories, and geographic locations

  • Receive alerts when your debit card is used, approved, or exceeds the transaction controls set by you

  • Stay informed of potential fraud with alerts on attempted and declined transactions

  • Get real-time balances for your accounts